The plans are currently before the Senate Transportation, Public Utilities, Energy, and Technology Committee.

In addition to altering the law regarding blockchain firms, Hemmert also wishes to create a dedicated task force focusing on the technology, including administering pilot projects, which would report back to government before the end of the year.

“On or before November 30, 2019, the task force shall provide a report on the task force’s findings and recommendations, including any proposed legislation,” the bill continues.

Should it gain traction, Hemmert’s bill would take Utah over to the more progressive side of U.S. local regulatory treatment of cryptocurrency issues, similar to the stance recently adopted by Wyoming.